Boards of governors at the multilateral development banks

As the most senior decision-making bodies of the multilateral development banks, the Boards of Governors decide on major transactions of political significance and elect the Executive Directors. They formulate the general guidelines for the respective bank's strategy, operational policy and financing.

The Boards of Governors are the most senior decision-making bodies of the multilateral development banks. They

rule on major transactions of political significance

elect the Executive Directors

spell out the general guidelines for the bank's strategy, operational policy and financing.

The Boards of Governors generally meet once a year at the annual meeting. These meetings are usually held in spring, or in autumn in the case of the World Bank Group (the World Bank's fiscal year runs from July to June).

The head of the EAER, Federal Councillor Johann N. Schneider-Ammann, is Switzerland's Governor at the World Bank and the EBRD.

Ambassador Beatrice Maser Mallor, Head of the Department of Economic Cooperation and Development at SECO, represents Switzerland on the Boards of Governors of the African, Asian and Inter-American Development Banks.

The Development Committee of the IMF and the World Bank meets twice a year, in the spring and autumn. Switzerland is represented as the head of its constituency. The Committee discusses important international development policy issues and makes recommendations to the international community.